So we had a negative A/D line, a negative A/D volume, negative S&P, RUT and Nasdaq, all with a positive Dow. Is that a divergence or what? Irrational exhuberance…big time! If you’re a candlestick watcher…Hanging Man galore!
CSCO and ATVI should help bring the indexes down on Thursday, at least the Nasdaq for sure. Other bad reactions include AKAM, ALL, AMKR, TQNT, TEX. Remember, it’s not the reports or the news that matter….it’s the reaction.
But, there’s always a but, futures at the moment are up, even though Asian markets are down. Crazy?
“You’re already starting to see some unrest in some countries as prices go higher. It’s going to cause a lot more social unrest as prices go higher around the world.You will see some governments topple. Is it the end of the world? I don’t think so. It wasn’t in the 70s. But there will be more political instability everywhere.” – Jim Rogers





Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....


